Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The Bulgarian version of the Magnitsky Act is in working form

An interdepartmental group has been set up, headed by the Ministry of Justice, to draft a law on measures to prevent and protect national security from encroachments threatening the country's economic and financial security. Members of the new body are experts from the Ministry of Finance, Foreign Affairs, the Bulgarian National Bank, the National Revenue Agency and academics. 

Although the texts are still in working versions, the project, which has gained popularity as the Bulgarian version of the Magnitsky Act, has drawn sharp criticism from coalition partners of We Continue the Change party and the opposition in parliament, who have described the texts as "fascist". 
In response, Deputy Prime Minister and Minister of Finance Assen Vassilev commented that the texts aim to protect state institutions and companies in an adequate way, and the Ministry of Justice is the only one that can comply with all national and international acts so as to find the most appropriate way to fill this gap in Bulgarian legislation. 
For its part, the Ministry of Justice commented that it could not support the draft of the so-called "Bulgarian" Magnitsky Act because it is in conflict with the Bulgarian Constitution and European legislation.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Ex-PM Boyko Borisov: Delyan Peevski is unfairly sanctioned under the Magnitsky Act

GERB leader Boyko Borisov has told the media that he personally participated in talks with American representatives on the lifting of the Magnitsky sanctions against Bulgarian citizens. He said that he also spoke on the subject with David Cameron while..

published on 11/5/25 9:04 PM

Weather forecast: The clouds and rain continue, no rain in the Southwest

On Thursday minimum temperatures will range between 6 and 11° C., for Sofia around 8° C. During the day the weather will continue cloudy and rainy. The rain will be more significant in Eastern Bulgaria, and in the afternoon – in Central Bulgaria...

published on 11/5/25 6:35 PM
Deputy PM Tomislav Donchev

European Commission withholds payment under recovery and resilience plan over failure to implement anti-corruption reforms

The European Commission has decided to withhold EUR 215 million from the second payment under Bulgaria’s recovery and resilience plan, the EC told the Bulgarian National Radio. The country is to receive EUR 439 million. EU may cut money for..

published on 11/5/25 4:39 PM